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Chinese authorities have decided to suspend trading on the nation's two major stock exchanges. This comes after fears of a coronavirus crash. Chinese authorities have announced that stock markets in Shanghai and Shenzhen will remain closed until next Monday as fears over coronavirus continue to swirl. But it may not be enough to stop a selloff once markets reopen next week.| Image: shutterstock.com Chinese authorities have decided to suspend trading on the Shanghai and Shenzhen stock exchanges.This move comes as the Wuhan coronavirus outbreak grows in size and severity.The government is kicking the can down the road. Investors can expect a...

Chinese markets saw steep losses in late trade on Tuesday as investors worried about oil prices, and despite an injection of liquidity into the mainland market by the central bank. The benchmark Shanghai Composite closed down 6.42% at 2,749.79. Hong Kong's Hang Seng shed 2.48% to 18,860.8 points in afternoon trade. Elsewhere, markets in Asia followed US stocks lower as further falls in the price of oil continued to unsettle investors.

Shanghai (AFP) - China's central bank said Tuesday it was injecting 440 billion yuan ($67 billion) into the money market, seeking to ease tight liquidity ahead of the Lunar New Year holiday when demand for funds surges. The injection through the regular open market operations of the People's Bank of China (PBoC) was the largest since 2013, Bloomberg News reported. Chinese companies typically pay salaries and bonuses before the holiday, which falls in early February this year. People also traditionally exchange cash and gifts during the period. The PBoC last week flooded the financial system with more than 1.5 trillion...

China FX reserves fall $512.66 bln in 2015, biggest annual drop on record Thursday, 7 Jan 2016 | 4:43 AM ET China's foreign exchange reserves, the world's largest, fell $107.9 billion in December to $3.33 trillion, the biggest monthly drop on record, central bank data showed on Thursday. The December figure missed market expectations of $3.40 trillion, according to a Reuters poll. China's foreign exchange reserves fell $512.66 billion in 2015, the biggest annual drop on record

Markets in Asia remained mostly in the red on Monday, extending losses on the back of another Wall Street sell-off Friday. Chinese markets, however, wavered between gains and losses in a volatile session. The Shanghai composite was trading up 0.08 percent after see-sawing between gains of as much as 0.59 percent and losses of as much as 1.84 percent. The Shenzhen composite was up 1.13 percent after opening down 2 percent and the CSI300 index traded 0.2 percent higher.

China is set to report its weakest full-year growth figure in 25 years on Tuesday on the back of slowing output and sagging investments, troubling news that will likely dominate discussion at the European Central Bank and Bank of Canada policy meetings. Economists said the expansion of the Chinese economy was held back by sluggish domestic and external demand, weak investments, factory overcapacity and high property inventories, which exacerbated deflationary pressures in the economy. The poor figures bolster arguments for more Chinese monetary policy easing on top of the six interest rates cuts seen since November 2014 and suggest that...

Bulletin Headline Summary From Bloomberg and RanSquawk Amid the fresh downturn in risk sentiment, there is one standout move to highlight this morning; the USD/CAD ramp through 1.4400 and 1.4500 WTI and Brent are below USD 30/bbl, with analysts noting that the UN are expected to approve the removal of Iranian trade sanctions as soon as Monday Highlights today include US retail sales, PPI final demand, empire manufacturing, industrial production, business inventories and University of Michigan sentiment as well as Fed's Dudley, Williams and Kaplan Treasuries gain as global stocks plunge led by China, crude at 12-year low; 10Y has...

1. China bear: The Shanghai Composite closed down 3.6% Friday, more than 20% below its recent high. 2. Oil below $30: Crude oil futures remain as volatile as ever, and are down nearly 5% -- crashing below $30 in morning trading. 3. More stock market movers: Anglo American, GE, Fiat Chrysler: Continuing the theme of battered commodities, Anglo American (AAUKF) is down another 8% in early trading. GE (GE) has agreed to sell its appliance business to China's Haier for $5.4 billion. 4. Earnings: Wells Fargo (WFC), Citigroup (C), U.S. Bancorp (USB), PNC (PNC), and BlackRock (BLK) are expected ahead...

Related Stories Oil dive deepens to 12-year low; $20 warning on China Reuters Oil prices fall for sixth day as hopes for recovery fade Reuters Oil down again to 12-year low; $30 handle looks more likely Reuters Oil slumps towards 11-year low, ignoring Mideast tensions Reuters Oil ends 2015 down 35 percent; long, painful hangover seen Reuters NEW YORK (Reuters) - A brutal new year selloff in oil markets quickened on Monday, with prices plunging 6 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude as low as $20 a barrel. Amid...

Zhou Chengjian is a rags to riches story as he used his skills as a tailor to launch the clothing line, Metersbonwe, which was one of China's first nationwide brands. His net worth of $2.4 billion today makes him one of the richest people in China. The Spread It reports that Zhou has been missing since Wednesday. In the wake of China's stock market crash, 36 companies have reported their executives as missing back in 2015 from January to September. The CEO of the telecom giant China Telecom resigned at the end of 2015 and now he is among the...

A brutal new year selloff in oil markets deepened on Monday, with prices plunging more than 6 percent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude into the $20s. On Monday, China's blue-chip stocks fell by another 5 percent and overnight interest rates for the yuan outside of China soared to nearly 40 percent, their highest since the launch of the offshore market. Morgan Stanley warned that a further devaluation of the yuan could send oil prices spiraling lower still, extending the year's nearly 15 percent slide. While China's ructions are spooking...

China is stirring up the U.S. Treasury market’s pot again. Early last week, sales from China were blamed by traders on why the rally in long-term Treasury debt was muted despite a sharp plunge in global stocks and crude oil prices. Tuesday, the movements in bond market prices again raised speculation that China was in the market selling bonds again to keep in check the bond market’s price strength. While the sales help explain why long-term U.S. bond yields have failed to drop sharply over the past few weeks, analysts and traders don’t expect yields to rise significantly. The bond...

David Scutt, Business Insider Australia August 26, 2015 The outlook for Chinese economic growth is not as bad as some commentators are suggesting, and while it is uncertain, it is certainly not collapsing. The view presented by Goldman Sachs' portfolio strategy research team, in a note released earlier this week, suggests that Chinese economic growth will recover in the final quarter of this year on the back of flexibility with fiscal, monetary, and reform policy. Here's Goldman on the recent slowdown in China's growth momentum: China growth has slowed meaningfully in recent months, as evidenced by the disappointing official data,...

Shanghai shares crumbled from fresh selling on Tuesday as a rout shows no sign of slowing down in the market as investors flee the market. The Shanghai Composite Index opened at 3,004.13 point, down 6.41 per cent, or 205.87 points. The CSI300 index of Shanghai-Shenzhen large cap stocks opens at 3,070.01 , down 6.27 per cent or 205.52points. The Shenzhen Composite Index opens at 1,751.28, down 6.97 per cent or 131.18 points. The NASDAQ-style ChiNext Price Index dropped 6.94 per cent, or 149.30 points to open at 1,996.04..

David Scutt, Business Insider Australia August 17, 2015 The slumber in China’s stock market came to an abrupt end this afternoon with markets plunging into the close. The benchmark Shanghai Composite index finished down 6.12% at 3,749.1 points, its largest percentage decline since July 27. Providing an indication of the price action seen in recent months, the fall was only the sixth-largest percentage decline so far in 2015. Over the past 12 months the index is still up by 67%. All sectors finished deep in the red with telecommunications, IT, industrials, materials, consumer cyclicals and utilities all falling by more...

Shanghai stocks close down over 6% on economy fears By Bill Savadove | AFP – 10 minutes ago. Shanghai stocks closed down more than six percent Tuesday, their biggest fall in three weeks, due to worries over the slowing Chinese economy and the government's commitment to prop up shares, dealers said. The benchmark Shanghai Composite Index slumped 6.15 percent, or 245.51 points, to 3,748.16 on turnover of 722.5 billion yuan ($112.9 billion). It (Other OTC: ITGL - news) was the biggest one-day drop since July 27, when it plunged 8.48 percent -- its sharpest fall in eight years. The Shenzhen...

Mainland markets fall China's Shanghai Composite index accelerated the pace of decline in the afternoon session, closing down 6.12 percent at its lowest level since August 7, as concerns over the yuan eclipsed data which showed monthly home prices up for a third straight month in July, indicating that country's all-important property sector may be finally bottoming. Prior to the market open, the People's Bank of China (PBOC) set the midpoint rate at 6.3966 per dollar, firmer than the previous fix of 6.3969. However, the yuan fell against the greenback, slipping modestly to last change hands at 6.4011. Among the...

The horrific explosions at the industrial port city of Tianjin and China's imploding economy show the government at its worst. China's highly touted "model" is broken and faces its day of reckoning. At last count, Wednesday's explosions in Tianjin had killed 50, including 12 firefighters. More than 500 people were hospitalized, 71 in critical condition, according to CNN. Dozens of people were missing. The government has been heavily criticized for its response and for clamping down on information about the tragedy. But it's been doing the same with the economy for years — exaggerating its growth rate and vibrancy, and...

The dollar fell 0.6 percent against a basket of currencies on Wednesday, coming under pressure as Treasury yields dropped on doubts over whether the U.S Federal Reserve will raise interest rates in the wake of China's devaluation of the yuan. The yuan extended its losses, dragging the growth-linked Australian and New Zealand dollars to six-year lows with it, while another set of disappointing Chinese data bolstered safe-haven currencies such as the yen. The euro, meanwhile, rose, helped by the unwinding of euro-funded carry trades in the yuan EURCNH=. The single currency hit a one-month high of $1.11385 EUR=EBS, up 0.8...

HONG KONG — Chinese stock market regulators have suspended more than 30 trading accounts, including one owned by the brokerage unit of the big American hedge fund Citadel, as they continue trying to stabilize the country’s volatile markets. “We can confirm that while one account managed by Guosen Futures Ltd. — Citadel (Shanghai) Trading Ltd. — has had its trading on the Shenzhen exchange suspended, we continue to otherwise operate normally from our offices, and we continue to comply with all local laws and regulations,” Citadel wrote on Monday in an email. The suspension came amid continued volatility in the...